Bokf Na Has $7.49 Million Stock Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Bokf Na cut its stake in Cadence by 36.5% during Q4, selling 13,760 shares and finishing with 23,954 shares valued at about $7.49 million.
• Cadence beat quarterly estimates with $1.96 EPS and $1.47 billion revenue (up 18.6% YoY), and set FY2026 guidance of $7.85–$7.95 EPS and Q2 guidance of $2.02–$2.08.
• Analysts hold a consensus "Moderate Buy" with an average price target of $380.59 (14 Buys, 3 Holds), while insiders sold 35,180 shares last quarter — including the CFO's 21,500‑share sale worth ~$6.65 million.

Bokf Na decreased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,954 shares of the software maker's stock after selling 13,760 shares during the quarter. Bokf Na's holdings in Cadence Design Systems were worth $7,488,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Occidental Asset Management LLC increased its stake in shares of Cadence Design Systems by 2.3% during the 3rd quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker's stock worth $464,000 after purchasing an additional 30 shares during the last quarter. Whittier Trust Co. grew its stake in Cadence Design Systems by 0.4% in the 3rd quarter. Whittier Trust Co. now owns 7,072 shares of the software maker's stock valued at $2,456,000 after buying an additional 30 shares during the last quarter. Cornerstone Wealth Group LLC grew its stake in Cadence Design Systems by 4.3% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker's stock valued at $273,000 after buying an additional 32 shares during the last quarter. Spirepoint Private Client LLC grew its stake in Cadence Design Systems by 4.6% in the 4th quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker's stock valued at $226,000 after buying an additional 32 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its stake in Cadence Design Systems by 1.4% in the 3rd quarter. Kathmere Capital Management LLC now owns 2,336 shares of the software maker's stock valued at $821,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CDNS shares. Morgan Stanley lowered their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Piper Sandler raised their target price on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. KeyCorp raised their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $400.00 target price on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $380.59.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $354.90 on Thursday. The company has a 50-day moving average of $299.13 and a 200-day moving average of $309.48. The company has a market capitalization of $97.89 billion, a price-to-earnings ratio of 82.73, a PEG ratio of 4.19 and a beta of 1.13. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $376.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, equities research analysts anticipate that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other news, CFO John M. Wall sold 21,500 shares of the firm's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the transaction, the chief financial officer directly owned 86,875 shares of the company's stock, valued at approximately $26,883,468.75. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares of the company's stock, valued at $28,032,115.86. The trade was a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,180 shares of company stock valued at $11,181,240 over the last quarter. 0.49% of the stock is currently owned by insiders.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc NASDAQ: CDNS is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company's offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.

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